Quicken Loans expanding to Higbee Building, planning $7M in renovations

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CLEVELAND, Ohio — Quicken Loans has announced plans to double its space in downtown Cleveland, relocating its over 400 full-time workers to the historic Higbee Building.

According to a press release, the company will relocate its team members from the M.K. Ferguson building to 81,000 square feet on the fourth and fifth floors of the Higbee Building in late June.

In preparation, the new space will undergo $7 million in renovations.

The Quicken Loans Cleveland web center opened in 2006 with 50 workers from Detroit. It’s since grown to include more than 400 workers consisting mostly of Cleveland-area residents.

The planned $7 million renovation will employ several local contractors, according to the release. The design of the space will also pay tribute to the Cleveland landmark and include many architectural elements original to the building.

A retail theme is planned for the Higbee Building, honoring the building’s original use by Higbee’s Department Store.

The Higbee Building is owned by affiliates of JACK Entertainment LLC, which is already home to JACK Casino Cleveland and Key Bank.

The building originally opened as Higbee’s Department Store in 1931.